SEBI Approves IPO Plans Of Tea Post, Learnfluence Education, Travelstack Tech

The Securities and Exchange Board of India has approved the IPO offer documents of Tea Post Ltd., Learnfluence Education Ltd., and Travelstack Tech Ltd. The market regulator issued its 'observation letter' to the filings, which means final nod in SEBI parlance, during the week ending March 13.

There are currently 24 draft IPO offer documents under review by SEBI, including Jakson Green Ltd., Deepa Jewellers Ltd., and Moneyview Ltd.

Tea Post IPO

Gujarat-based cafe chain, Tea Post, filed its draft red herring prospectus for an initial public offering in June last year. The offering consists of a fresh issue of 1.42 crore equity shares and an offer for sale of another 1.42 crore shares. The total issue size is of 2.85 crore equity shares.

The company offers a diverse selection of teas and beverages. The company serves over 15 varieties of hot and cold teas, covering both traditional and modern variants. The company prides itself on standing out from its peers, providing a unique desi experience to its customers.

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Travelstack Tech IPO

Travel technology firm Travelstack Tech filed draft papers in December. The offer comprises a fresh issue of shares worth Rs 250 crore and an offer for sale (OFS) of 26,852,969 shares by promoters and existing investors.

Of the Rs 250 crore fresh issue proceeds, Rs 135 crore will go toward working capital, Rs 45 crore for debt repayment, and the remainder for general corporate purposes. The company may also consider a pre-IPO placement of up to Rs 50 crore, which would reduce the fresh issue size accordingly.

Travelstack Tech, earlier known as Casa2 Stays, operates TravelPlus. Its platform enables employees and travel desks of enterprises to book travel, manage approvals, process expenses, and receive comprehensive support throughout the travel lifecycle – helping enterprises optimise travel spends, improve policy compliance, and drive convenience for all stakeholders.